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That compensation package comes with very steep performance requirements.

There are twelve separate performance milestones, including Tesla's market capitalization growing to $8.5 trillion and delivering 20 million vehicles. He must also meet product-specific goals, such as 10 million active "Full Self-Driving" (FSD) subscriptions, 1 million "Optimus" robots delivered, and 1 million robotaxis in operation. These goals are separated into "tranches" that must be achieved over the next decade.

TLDR: He might not get the full trillion, maybe only a few hundred billion.
That millions of millions that you can spend for the rest of your life everyday, and still have money after that.